Apartments for Rent in Madison, WI

The best apartments in Madison, WI are: Preserve West, Madison Estates, Rivers Edge Apartments, The Eastern and PARK TOWER.

The average rent in Madison, WI is $1,725.

The price range for a studio apartment in Madison, WI is between $500 and $3,450.

The price range for a 1-bedroom apartment in Madison, WI is between $500 and $7,535.

The price range for a 2-bedroom apartment in Madison, WI is between $684 and $7,000.

The price range for a 3-bedroom apartment in Madison, WI is between $763 and $14,055.

In Madison, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 26% of Madison's rentals, 66% are small-scale complexes with under 50 units, and 7% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Madison are about 30 years old, on average. Of these, 49% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 5 stories. About 82% of the rental communities here are low-rise, garden-style communities, 22% are mid-rises, and 13% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Madison are around 7% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 39% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.